Finance has become a Bottleneck
Syte Link is a rapidly growing provide of site services to the construction industry; waste management, concrete, aggregate and welfare services. Their sales process requires up-to-date information about the status of client payments and the finance team simply cannot keep up with the volume of orders being processed.
The Challenge
Syte Link is using Salesforce Sales Cloud to help fuel its growth. Integrating that with a native Salesforce accounting solution is a natural step to maintain the single-source of truth. But there is more to it than that.
The sheer volume of orders that are processed on a daily process requires highly automated, accurate financial processes that the whole business can depend upon.
Sage 50 was unable to support the need for automation or for more sophisticated management reporting to help guide the growth.
The Solution
Aedon.Accounting is extending the Bank Reconciliation process to include the matching of payments to a Pro-Forma invoice produced originally in Sales Cloud. This allows an automated reconciliation process with a notification to the Sales team when the monies are received: pain point resolved.
Further process improvements will include the automation of credit chasing, automated scanning of purchase invoices and a bank feed refresh three times a day.
Management information will be transformed with more accurate analysis of client, product and sector profitability.
Client Profile
Industry: Construction Services
Growth Stage: Rapid Growth
Previous Finance System: Sage 50
Project Status: In Progress
Expected Results
- Faster Processing of Financial Transactions to Support the Sales Team
- More Accurate, Faster Accounting Data
- More Insightful Management Information
